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livemint.com / 2 years ago
livemint.com / 2 years ago
livemint.com / 2 years ago
livemint.com / 2 years ago
Torrent, Glenmark lead Indian pharma market growth. Sun, Cipla, Lupin are among other notable gainers
Torrent Pharmaceuticals and Glenmark Pharmaceuticals were key leaders amongst listed companies, that saw their domestic sales grow 16.7-17.7% during the month of April' 2024 . The two were closely followed by Alkem Laboratories whose sales in value terms also grew 14.8% y-o-y.
However other prominent manufacturers included Sun Pharmaceutical, Lupin Ltd, Cipla Ltd whose domestic sales grew slightly more than 12% in value terms, suggested data by Pharmatrack, a pharmaceuticals market research company. Also Read- Metal sector: ICICI Securities upgrades Tata Steel, JSW Steel to ‘Buy’; check top picks in the sector Indian Pharma market recorded a growth of 8.9% year-on-year in the month of April '2024.
While value growth stood at 9.2% year-on-year as per Pharmatrack, the volumes de-grew 0.3% year on year . A strong domestic market growth is necessary to support and drive earnings of Indian Pharmaceutical majors.
While the US sales of most Indian pharma companies have done exceedingly well , helped by large product lunches leading to Nifty Pharma index rising more than 50% in last one year, moving forward domestic sales will play imprtant role in helping support overall earnings growth Zydus Lifesciences , Mankind, Ipca laboratories and Dr Reddy's Laboratories stood amongst notable companies whose sales exceeded IPM growth during April Also Read- Multibagger Cochin Shipyard share price gains 9% on a large order win from Europe Analysts at Elara Securities India Pt Ltd said that “We expect a slight uptick in growth for India’s pharma market (IPM) compared to the levels of Calendar Year 2023, yet it is likely to remain within a constrained range throughout CY24 and FY25". Volume growth might accelerate albeit with moderate price
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21.05 / 10:17
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
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21.05 / 10:17
markets
UPS
IPO
NVIDIA
SpaceX
Even at $5 trillion, Nvidia is underappreciated
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21.05 / 10:17
markets
Digital
CEO
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Omnicom
RK Swamy bets on integrated advertising model as global agency giants split media and creative
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21.05 / 09:47
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PI Industries’ weak core business keeps investors on edge
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Secured credit cards: Unlocking credit and building a credit score for millions
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
21.05 / 08:45
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Why Dixon, Syrma and Kaynes are moving beyond smartphones: margin pressure
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